|Basis of Allotment|
is only an advertisement for information purpose and not for publication or distribution,
directly or indirectly outside India, and not a prospectus announcement. For complete
details, please ensure that you read the Red Herring Prospectus.)
OPAL LUXURY TIME PRODUCTS LIMITED
Our Company was incorporated as Opal Luxury Time Products Private Limited on February 10, 2007 under the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Maharashtra, Pune. Further, our Company was converted into a public limited company vide Fresh Certificate of Incorporation Consequent upon Change of Name on Conversion to Public Limited Company dated November 01, 2012 issued by the Registrar of Companies, Maharashtra, Pune and the name of our Company was changed to Opal Luxury Time Products Limited. The Corporate Identity Number of our Company is U33309PN2007PLC129597. For further details on change of name and that of registered office of our Company, please see chapter titled "History and Corporate Structure" beginning on page 110 of the Red Herring Prospectus.
Registered Office: Shree Ganesh, Plot No. 31, Shivaji Housing
Society, Behind ICC Tower, Senapati Bapat Road, Pune - 411 016, Maharashtra, India. Tel.:
+91 - 20 - 2563 1919, Fax: +91 - 20 - 2563 1919; Extn: 111,
PROMOTERS OF OUR COMPANY: MR. SAMEER GUJAR AND MRS. PRATIBHA GUJAR
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 1,000,000 EQUITY SHARES OF Rs.10 EACH FOR CASH AT A PRICE OF Rs.130 PER
EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs.120 PER EQUITY SHARE) AGGREGATING TO
Rs.1,300 LACS (THE "ISSUE") BY OUR COMPANY, OF WHICH EQUITY SHARES OF Rs.10 EACH
AGGREGATING TO Rs.65 LACS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE
("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER
RESERVATION PORTION I.E. ISSUE OF 50,000 EQUITY SHARES OF Rs.10 EACH IS HEREINAFTER
REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE
29.77% AND 28.28%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR
This was an issue wherein not more than 50% of the net Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers (QIB), of which 5% shall be reserved for Mutual Funds. Further, not less than 15% of the net Issue was available for allocation on a proportionate basis to Non Institutional Bidders (NIB) and not less than 35% of the net Issue was available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. The Issue opened for subscription on Monday, March 25, 2013 and closed on Thursday, March 28, 2013. The details of the applications received in the Offer from Market Maker, Qualified Institutional Buyers, Non Institutional Bidders and Retail Individual Bidders are as under:
"(Includes one application for 22,000 equity shares aggregating
to 7 28,60,000/- brought-in by under writing obligation) Final Demand
The Basis of Allotment was finalized in consultation with National Stock Exchange of India Limited, being the Designated Stock Exchange on April 08, 2013.
A) Allotment to the Market Maker's Category
* Includes un-subscribed portion of 216,500 equity shares from Retail category and Non Institutional Bidder's of 12,500 equity shares was added back to Market Makers to the extent of subscription (i.e. 229,000 equity shares).
B) Allotment to the QIB Category
*Includes un-subscribed portion of 82,000 equity shares from Non Institutional Bidder's equity shares was added back to Qualified Institutional Bidder's.
C) Allotment to the Non Institutional Investors
Un-subscribed portion of 94,500 equity shares of Non Institutional Investors category added back to Qualified Institutional Bidder's to the extent of subscription (i.e. 82,000 equity shares) and balance 12,500 equity shares added back to Market Makers.
D) Allotment to the Retail Individual Investors
Un-subscribed portion of 229,000 equity shares of retail & Non Institutional Investors category added back to Market Makers to the extent of subscription (i.e. 279,000 equity shares).
The Board of Directors of the Company at its meeting held on April 08, 2013 has taken on record the Basis of Allocation of Equity Shares approved by the National Stock Exchange of India (Designated Stock Exchange) and has allotted the Equity Shares to various successful applicants and has also authorised the corporate action for the allotment of the Equity Shares to various successful bidders. The Allotment advice and/or notices have been dispatched to the address of the allottees as registered with the depositories. Further the instructions to the SCSBs have been dispatched / mailed on April 09, 2013. In case the same is not received within ten days, investors may contact the Registrar at the address given below.
Commencement of Trading: The Equity Shares Allotted to successful applicants has been credited on April 09, 2013 to the beneficiary accounts subject to validation of the account details with the depositories concerned. The Equity Shares of the Company are expected to be listed and admitted for trading on NSE - Emerge platform with effect from April 12, 2013.
Investors please note: The details of the allotment made has been hosted on the website of the Registrar to the Issue, Karvy Computershare Private Limited at Website: www.karisma.karvy.com
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole applicant, Serial number of the bid-cum application form, number of shares bid for, name of the Member of the Syndicate and Place where the bid was submitted and payment details at the address given below:
Karvy Computershare Private Limited
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF OPAL LUXURY TIME PRODUCTS LIMITED.
The shares of the Opal Luxury Time Products Limited have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act") or any state securities laws in the united states and will not be offered or sold in the united states.